Karachi August 3 2022: Yesterday, State Bank of Pakistan asked all banks to expedite disbursement of approved cases under Mera Pakistan Mera Ghar scheme as advised earlier by the Central Bank.
Earlier on 25th July 2022, Government of Pakistan has decided to allow banks/DFIs/MFBs to disburse financing as per existing terms of MPMG in respect of cases approved and meeting any of the following conditions on or before June 30, 2022.
Further, the Government had decided that spread of banks and DFIs on the new disbursements falling under Tiers 2 and 3 of MPMG will be maximum of 250 bps over and above KIBOR (instead of maximum allowed spread of 400 bps currently allowed.
The banks/DFIs/MFBs are advised to ensure that markup subsidy claims in respect of disbursements against above allowed customers are invariably accompanied by certificates of their respective internal audit departments verifying meticulous compliance with above conditions and other features of MPMG. State Bank of Pakistan will also conduct inspection of these cases during regular/special inspection of the bank/DFI/MFB.
SBP will closely monitor all such cases and applicants finding any difficulty may lodge complaints at servicedesk.sbp.org.pk.
